Logan Group Reports RMB3.98 Billion in Contracted Sales, RMB1.96 Billion Net Loss for H1 2025

Reuters
Aug 27
Logan Group Reports RMB3.98 Billion in Contracted Sales, RMB1.96 Billion Net Loss for H1 2025

Logan Group Company Limited has announced its unaudited interim results for the six months ended 30 June 2025. The company's contracted sales amounted to RMB3.98 billion, while revenue reached RMB3.40 billion. The company reported a net loss of RMB1.96 billion for the period, primarily attributed to a low gross profit margin due to the continuing downturn in the real estate industry and a provision for impairment of inventories. Comparing this to the same period in 2024, there is a noticeable decline in revenue from contracts with customers, which decreased from RMB13.98 billion to RMB3.27 billion. Additionally, gross rental income from investment property operating leases contributed only RMB135 million, down from RMB181 million in the prior year. The interim results highlight the ongoing challenges faced by the Logan Group in the current real estate market environment.

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